LINE NEXT expands global NFT ecosystem: 26 partners across different fields join forces to launch NFT Partner Program

LINE is actively building a global NFT (Non-Fungible Token) ecosystem through its subsidiary LINE NEXT. Today, on the 16th, it announced partnerships with 26 top industry enterprises to create NFT artworks using popular IPs owned by these companies. Users will be able to buy and sell NFTs through familiar payment tools. Partners in the collaboration include SoftBank Corp., NAVER, LINE Taiwan, NAVER Z, LINE studio, LINE Games, CJ ENM, YG PLUS, Hashed, K Auction, Shinsegae Group, Visa, Crypto.com, Afun Interactive, AI Network, J&John, KMCA, LoadComplete, Lotte World, Mythical Games, Pangea, Peaches, 111%, Rich Alien, and WOW POINT.

LINE is vigorously building a global NFT (non-fungible token) ecosystem through its subsidiary, LINE NEXT. On the 16th, it announced partnerships with 26 top industry enterprises to create NFT works based on their popular IP content and allow users to buy and sell NFTs through familiar payment tools. Partners in the collaboration include SoftBank Corp., NAVER, LINE Taiwan, NAVER Z, LINE studio, LINE Games, CJ ENM, YG PLUS, Hashed, K Auction, SHINSEGAE, Visa, Crypto.com, Afun Interactive, AI Network, J&John, KMCA, LoadComplete, LOTTE WORLD, Mythical Games, Pangea, Peaches., 111%, Rich Alien, and WOW POINT.

Through this diverse cross-domain alliance, LINE NEXT will collaborate with top international gaming, entertainment, online comic, metaverse, arts, and service providers to expand the global NFT ecosystem and establish a cross-border NFT value chain. LINE NEXT and its partners will utilize LINE's blockchain technology and NFT platform to create various NFTs such as well-known IP content and artworks, aiming to develop a more user-friendly NFT trading experience. Additionally, LINE NEXT will work with Mythical Games to develop a blockchain mainnet.

In addition to issuing NFTs based on popular culture content, LINE NEXT's global NFT trading platform, "DOSI," will soon be launched to make the market more comprehensive and promote wider adoption of trading.

CEO of LINE NEXT, Gao Yongshou, stated: "LINE NEXT possesses the advantages of LINE's infrastructure and expertise in blockchain technology, and will strive to build the world's leading NFT ecosystem, advancing communication technology towards the next-generation Web3 environment. This global NFT partnership program is the first step to accelerate the flourishing development of the NFT ecosystem."

LINE NEXT plans to launch the global NFT trading platform "DOSI" in the first half of 2022 to help global enterprises and creators establish an NFT market, develop communities and ecosystems, and provide general users with NFT trading capabilities. Furthermore, LINE's subsidiary, LVC, is expected to introduce NFT services in Japan this spring and is currently responsible for LINE's cryptocurrency and blockchain-related businesses in Japan.